J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is Horrell Capital Management Inc.’s 5th Largest Position

Horrell Capital Management Inc. lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,416 shares of the transportation company’s stock after purchasing an additional 101 shares during the quarter. J.B. Hunt Transport Services comprises 3.6% of Horrell Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Horrell Capital Management Inc. owned about 0.05% of J.B. Hunt Transport Services worth $9,146,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in JBHT. IFM Investors Pty Ltd boosted its holdings in J.B. Hunt Transport Services by 11.7% during the 1st quarter. IFM Investors Pty Ltd now owns 8,780 shares of the transportation company’s stock valued at $1,476,000 after acquiring an additional 917 shares during the period. Toews Corp ADV purchased a new position in J.B. Hunt Transport Services during the 1st quarter valued at $958,000. Envestnet Asset Management Inc. boosted its holdings in J.B. Hunt Transport Services by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 53,582 shares of the transportation company’s stock valued at $9,006,000 after acquiring an additional 3,860 shares during the period. Great Diamond Partners LLC boosted its holdings in J.B. Hunt Transport Services by 4.9% during the 1st quarter. Great Diamond Partners LLC now owns 1,656 shares of the transportation company’s stock valued at $278,000 after acquiring an additional 78 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in J.B. Hunt Transport Services by 9.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,751,660 shares of the transportation company’s stock valued at $294,401,000 after acquiring an additional 144,192 shares during the period. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Shares of NASDAQ:JBHT opened at $176.49 on Monday. The business’s 50-day moving average is $170.78 and its 200 day moving average is $149.12. J.B. Hunt Transport Services, Inc. has a 1 year low of $96.82 and a 1 year high of $183.80. The firm has a market capitalization of $18.65 billion, a P/E ratio of 37.95, a P/E/G ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, April 14th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.14. J.B. Hunt Transport Services had a return on equity of 21.07% and a net margin of 5.31%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the company posted $0.98 EPS. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 4.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Friday, May 7th will be given a dividend of $0.30 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, May 6th. J.B. Hunt Transport Services’s dividend payout ratio is currently 24.54%.

JBHT has been the subject of a number of recent analyst reports. KeyCorp boosted their price objective on J.B. Hunt Transport Services from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 1st. Cowen upped their target price on J.B. Hunt Transport Services from $145.00 to $167.00 and gave the stock a “market perform” rating in a report on Friday, April 16th. BMO Capital Markets upped their target price on J.B. Hunt Transport Services from $149.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday, April 21st. Susquehanna Bancshares upped their target price on J.B. Hunt Transport Services from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, April 12th. Finally, Wells Fargo & Company upped their target price on J.B. Hunt Transport Services from $174.00 to $190.00 and gave the stock an “overweight” rating in a report on Tuesday, April 20th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $159.19.

In other news, Chairman James K. Thompson sold 5,000 shares of the stock in a transaction dated Monday, March 1st. The stock was sold at an average price of $150.87, for a total value of $754,350.00. Following the transaction, the chairman now directly owns 35,038 shares of the company’s stock, valued at $5,286,183.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Earl Wayne Garrison sold 50,000 shares of the stock in a transaction dated Monday, March 8th. The shares were sold at an average price of $159.91, for a total value of $7,995,500.00. Following the completion of the transaction, the director now directly owns 1,291,603 shares in the company, valued at $206,540,235.73. The disclosure for this sale can be found here. Insiders sold 75,433 shares of company stock worth $12,286,187 over the last three months. Corporate insiders own 3.51% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation and delivery services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

Featured Story: What is a closed-end mutual fund (CEF)?

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.